01-23-2013, 03:42 PM
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#666
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Franchise Player
Join Date: Feb 2006
Location: Calgary
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New Agreement approved by City Counsel:
http://www.cbc.ca/sports/hockey/nhl/...framework.html
Quote:
Edmonton city councillors have voted 10-3 in favour of a new framework agreement for the downtown arena.
The proposed arena itself would cost $480 million, with the Winter Garden set at $53 million. A pedestrian corridor, LRT connection, community rink and cost of purchasing the arena lands would add $68 million to the total.
The deal calls for the city to put up $219 million, Edmonton Oilers owner Daryl Katz to put up $143 million with $114 million to come from other levels of government.
A ticket surcharge would raise another $125 million.
The latest proposal increases the city's share a "quite manageable" $5 million more compared to the October 2011 framework, said city CFO Lorna Rosen.
Some councillors worried over the so-far uncommitted $114 million.
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__________________
The Quest stands upon the edge of a knife. Stray but a little, and it will fail, to the ruin of all. Yet hope remains while the Company is true. Go Flames Go!
Pain heals. Chicks dig scars. Glory... lasts forever.
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